Back
13 Jun 2013
NZD/USD returns to 0.8000 barrier
FXstreet.com (New York) - The NZD/USD rally was capped at 0.8025 (intraday high), followed by an easing back towards the 0.8000 barrier at the time of writing.
NZD/USD still stable above bullish support
Overnight the RBNZ held interest rates at 2.5%, which surprised few and was exactly in line with expectations. This did create some waves for the NZD/USD, however overall the pair remained generally devoid of a huge breakout.
NZD/USD could be lifted by bullish wave
“The NZD/USD pair settled above 0.7920 – a position we consider positive, capable of carrying the pair into a bullish wave. Moreover, the linear regression indicators are positive, encouraging us to expect positivity.” suggests the Technical Analyst Team at ICN.com.
Technically speaking, the pair is operating at the 0.8000 barrier, or +0.06% in these moments. The NZD/USD will look towards resistances at 0.8032 followed by 0.8107, and finally 0.8191. Alternatively, a movement lower will usher in supports at 0.7873, then 0.7789, and eventually 0.7714, calculates the Mataf.net analyst team.
NZD/USD still stable above bullish support
Overnight the RBNZ held interest rates at 2.5%, which surprised few and was exactly in line with expectations. This did create some waves for the NZD/USD, however overall the pair remained generally devoid of a huge breakout.
NZD/USD could be lifted by bullish wave
“The NZD/USD pair settled above 0.7920 – a position we consider positive, capable of carrying the pair into a bullish wave. Moreover, the linear regression indicators are positive, encouraging us to expect positivity.” suggests the Technical Analyst Team at ICN.com.
Technically speaking, the pair is operating at the 0.8000 barrier, or +0.06% in these moments. The NZD/USD will look towards resistances at 0.8032 followed by 0.8107, and finally 0.8191. Alternatively, a movement lower will usher in supports at 0.7873, then 0.7789, and eventually 0.7714, calculates the Mataf.net analyst team.